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Long Term Forex Market Analysis


USDCAD Weekly Analysis - January 10, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 January 2016 12:04 UTC
USDCAD's upward movement from 1.2831 extended to as high as 1.4176. Support is at the upward trend line on daily chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would b at at 1.5000 area. Only a clear break below the trend line support could ...

USDJPY Weekly Analysis - January 10, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 January 2016 12:04 UTC
USDJPY is facing 116.13 support, a breakdown below this level will indicate that the long term uptrend from 75.57 (Oct 31, 2011 low) had completed at 125.85 (Jun 5, 2015 high) already, then the following downward movement could bring price to 110.00 area. Near term resistance is at 119.20, only brea ...

AUDUSD Weekly Analysis - January 10, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 January 2016 12:03 UTC
AUDUSD is facing 0.6907 support, a breakdown below this level will indicate that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed, then the following downward movement could bring price to 0.6500 area. On the other side, as long as 0.6907 support holds, the sideways movement in the ...

GBPUSD Weekly Analysis - January 10, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 January 2016 12:02 UTC
GBPUSD broke below 1.4565 (Apr 13, 2015 low) support. Further decline could be expected after a minor consolidation, and next target would be at 1.4000 area. Near term resistance is at 1.4750, as long as this level holds, the downtrend will continue. Key resistance is located at the downward trend l ...

EURUSD Weekly Analysis - January 10, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 January 2016 12:02 UTC
No changed in our view, EURUSD remains in uptrend from 1.0517, the fall from 1.1059 is treated as correction of the uptrend. Another rise could be seen after correction, and next target would be at 1.2000 area. Support level are at 1.0700 and 1.0517, only break below these levels could trigger anoth ...

USDCAD Weekly Analysis - January 3, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 January 2016 07:29 UTC
USDCAD stays in a upward price channel on daily chart, and remains in uptrend from 1.2831. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.5000 area. Only a clear break below the channel support could signal completion of the uptrend.

USDJPY Weekly Analysis - January 3, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 January 2016 07:29 UTC
USDJPY continued its downward movement from 123.75, and the fall extended to as low as 120.00. Further decline would likely be seen in a couple of weeks, and next target would be at 118.00 area. Resistance is at 123.75, only break above this level could trigger another rise towards 130.00.

AUDUSD Weekly Analysis - January 3, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 January 2016 07:28 UTC
AUDUSD continued its sideways movement in a range between 0.6907 and 0.7439. As long as 0.7439 resistance holds, the price action in the range could be treated as consolidation of the long term downtrend from 0.9504 (Jul 1, 2014 high), another fall towards 0.6500 is still possible after the consolid ...

GBPUSD Weekly Analysis - January 3, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 January 2016 07:28 UTC
GBPUSD's downward movement from 1.5929 extended to as low as 1.4732. Further decline to test 1.4565 previous low support is possible next weeks. Resistance is at the downward trend line on daily chart, only a clear break above the trend line resistance could signal completion of the downtrend.

EURUSD Weekly Analysis - January 3, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 January 2016 07:27 UTC
EURUSD is in uptrend from 1.0517, the fall from 1.1059 is likely correction of the uptrend. Another rise could be expected after correction, and next target would be at 1.2000 area. Support levels are at 1.0740 and 1.0517, only break below these levels could trigger another fall towards 1.0000.

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